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Global Equity Quarterly (Q4 2024)
by — 06 March, 2025
Our focus on franchise and management quality allows us to look forward with optimism, whilst balance sheet quality and valuation discipline provide comfort for when the fireworks start for all the
wrong reasons.
Balancing Act Monthly Insights: Global Multi-Asset (February 2025)
by — 27 February, 2025
For January, we reduced our overweight position in growth while maintaining our overweight position in defensives. With respect to growth assets, Trump's second presidency ushers in a new era of US
exceptionalism which has implications on the rest of the global markets.
What the return of interest rates means for Japan
by , — 26 February, 2025
In January, the Bank of Japan raised short-term interest rates to 0.5%, the highest level seen in 17 years, as it continued with its slow but steady withdrawal of accommodation. As the Japanese economy shows ongoing signals of recovery from decades of stagnation, we assess the impact the return of interest rates could have on the country’s households, firms and government.
The Indian healthcare sector is projected to become one of the top global markets by 2030, driven by demographic changes, rising incomes, and expanding insurance coverage, presenting long-term investment opportunities.
Harnessing Change-Monthly Insights: Asian Equity (January 2025)
by — 25 February, 2025
We believe the introduction of DeepSeek may cause a recalibration of capital expenditures. Its introduction has initiated a shift towards a more cost efficient, scalable, and accessible AI landscape.
On the Ground in Asia-Monthly Insights: Asian Fixed Income (January 2025)
by — 21 February, 2025
We see Asian local government bonds being supported by accommodative central banks amid an environment of benign inflation and moderating growth. Within the region, we expect investor appetite for
higher carry bonds such as those of Malaysia, Indonesia and the Philippines to stay firm relative to their regional peers.
The speed at which AI applications are becoming part and parcel of daily life is breathtaking, with DeepSeek's apparent breakthrough merely accelerating an inevitable, fundamental change in the field.
We firmly believe these breakthroughs are the key components needed for sustainable, long-term returns.
New Zealand Equity Monthly (January 2025)
by , — 13 February, 2025
The New Zealand equity market paused for breath and dipped in January after posting significant gains towards the end of 2024. Some of the market’s decline reflected a dent in enthusiasm for
consumer-facing and cyclical stocks. Global market jitters also appeared to have an impact with disruption risk coming to the fore.
New Zealand Fixed Income Monthly (January 2025)
by , — 12 February, 2025
Although the arrival of a new year has brought some optimism after a tough 2024, economic activity remains subdued in New Zealand. The Reserve Bank of New Zealand may further cut interest rates in
2025 with global uncertainties impacting the country's economy.
Navigating Japan Equities: Monthly Insights From Tokyo (February 2025)
by , — 07 February, 2025
This month we discuss signs of improvement in the Bank of Japan (BOJ)'s market communication following its recent rate hike; we also focus on Japan's economic resilience amid a flurry of trade-related
headlines impacting the markets.
